BBQ area Storage Air conditioning Close to shops Pets allowed Furnishings Walk to Beach

Additional Details

Closest town: Tamarindo

A really unique property in Tamarindo. Cabinas Madera Azul property consists of four lovely two story cabins built completely with local wood. With their bright blue and white color scheme wooden facades, the cabins seem to have been taken from the Netherlands Antilles and placed in a 500 m2 (5 360 sq. ft.) lot right in the middle of Tamarindo´s residential area.

The location could not be better, a quiet secondary road, just a couple blocks away from the beach. Restaurants, water sport activities, supermarkets, shops, are all at a short walking distance from the property.

In the ground level, each of the four wooden cabins of 71 m2 (767 sq. ft.) has a cozy front porche, a basic equipped kitchen with a refrigerator and stove, dining and living area with a ceiling fan and a full bathroom with nice small Spanish tiles. One of them has a mini split A/C unit in this living area as well. The bedrooms are upstairs in each one. They have A/C, a closet and a balcony. Wooden beams and walls in a terracotta color give a lot of charm to the interior of each of the four mini-homes.

The cabins are distributed in an L-alignment around a beautiful central area with lots of shade from local trees and palm trees. There is a barbecue in the middle. A 16 m2 (172 sq. ft.) storage room or workshop with A/C is the fifth built element within the property. The sale includes all furniture, six mini split A/C units installed and two washing machines. The complex could be exploited as a rental revenue investment, both with long term tenants or in vacation rentals. Market analysis has proven that in a vacation rental model, the property would easily net at least around USD$30,000.00 a year without much effort. It could represent an investment with a yearly ROI between 6%-12% and it would allow the owner to live in it for free by occupying one of the cabins and renting the other three. The property requires low and easy maintenance at a low cost.